St. Lucia Citizenship by Investment Program
Becoming a St Lucia Citizen Guide
Saint Lucia is an Eastern Caribbean island nation on the boundary with the Atlantic Ocean. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados, and south of Martinique.
Its capital is Castries.
An island with beautiful white sandy beaches, emerald-green rainforests, and effervescent springs. The island is more than just natural beauty, being a member of the Commonwealth of Nations, the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), and the International Organisation of La Francophonie.
The Saint Lucia Citizenship by Investment Program was officially launched in 2015, established by the Honourable Prime Minister, making it the most recent addition to the CIP programs in the Caribbean region. The Government of Saint Lucia invites cap of elite investors to the enthralling cultural engagements and enjoy life and prosperity with the Island.
Advantages – Why Choose SAINT LUCIA for Citizenship?
Saint Lucia has inherited decades of experience from its Caribbean neighbors. The Citizenship by Investment Board is committed to making the program the most efficient for investors while providing supreme benefits for the country and its people.
When opting to be a citizen of Saint Lucia, you must be aware that the government not just offering citizenship but offering an identity.
Saint Lucia recognizes dual citizenship, which can prove advantageous for business expansion and tax relief. Other benefits include the following:
Sr Lucia’s Citizenship by Investment Benefits
Citizens of St Lucia can take advantage of a range of benefits, including:
- Citizenship for life, including the right to work, reside and study in St Lucia
- Visa-free travel to over 120 countries and territories, including the Schengen Area, the U.K. and Hong Kong.
- Dual citizenship
- Secure – A peaceful, democratic and politically stable country
- Life in a stable nation belonging to the Commonwealth of Nations, the Caribbean Community (CARICOM), and the International Organisation of La Francophonie
The benefits of the St Lucia Citizenship by Investment Program include:
- The ability to include family members in the application
- Fast processing within three months
- The option to invest in the Saint Lucia National Economic Fund, in real estate, in an enterprise project, or in Government bonds.
- Tax Advantages – No capital gains tax, no wealth tax, no gift tax or inheritance tax
- No interview or language requirement
- No residency or travel requirements
Qualifications
Saint Lucia has masterfully positioned its program for the global elite by limiting application numbers and raising the overall net worth requirement.
To qualify for citizenship in Saint Lucia, applicants must be at least 18 years of age, have no criminal record, and be in good health.
The net worth requirement of US$3,000,000 was eliminated 1/1/2017. They must also fulfill the investment criteria for one of the four investment options.
This includes:
Investment Options
1. National Economic Fund
About
Investing in Saint Lucia’s National Economic Fund is a straightforward way to apply for citizenship while enhancing the infrastructure and utilities of our island nation.
Once your application has been approved, you will need to make the minimum qualifying investment for yourself and, if applicable, your family.
The Saint Lucia Citizenship by Investment Board considers all applications carefully and holds the right to grant, deny or delay for cause.
Investment Amount
- Applicant alone with up to three other qualifying dependents: US $240,000
- Each additional qualifying dependent (Under 18 years of age): US$ 10,000
- Each additional qualifying dependent (Above 18 years of age): US$ 20,000
- Newborn child of a citizen who is 12 months of age or below: US$ 5,000
- Spouse of a Citizen: US$ 35,000
A Citizen may “Add-On Dependents”
Qualifying dependents of a citizen other than a spouse:
- US$ 25,000
- A citizen (granted through the citizenship program) may add-on a qualifying dependent for the grant of citizenship by making an investment into the National Economic Fund.
- Newborn child of a citizen (child of 12 months of age & below): US$ 5,000
- Spouse of a citizen: US$ 35,000
- Qualifying dependent of a citizen (other than a spouse): US$ 25,000
2. National Action Bond
About
Applications for citizenship of Saint Lucia can be made through an investment in the National Action Government Bonds (“NAB”).
The bonds are non-interest bearing, and must be registered and remain in the name of the applicant for a five-year holding period from the date of first issue.
Investment Amount
Applicant applying with any number of dependents: US$ 300,000
An additional, non-refundable administration fee of US$ 50,000 is applicable.
3. Real Estate Project
About
Saint Lucia has huge appeal for visitors and tourists and is proud of its wide range of real estate options. The Citizenship Investment Programme is an option for investors wishing to make an investment into an approved real estate projects under the following categories:
- high-end branded hotels and resorts
- high-end boutique properties
The investor will own title deed to the property.
Investment Amount
Applicant applying with any number of dependents: US $300,000 plus applicable administration fees
Administrative Fees
- Applicant applying alone: US$ 30, 000
- Applicant applying with spouse alone: US$ 45, 000
- Each qualifying dependent (Under 18 years of age ): US$ 5, 000 EACH
- Each qualifying dependent(Above 18 years of age): US$ 10,000 EACH
- Applicant applying with spouse and over 4 qualifying dependents: US$ 10,000 EACH
*The administrative fees payable upon the grant of citizenship are non-refundable.
4. Enterprise Project
About
National Infrastructure and Road Improvement Program
The Citizenship Progrogramme is open to receiving proposals for investment into the following:
- Speciality restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads and highways (Infrastructure)
- Research institutions and facilities
- Offshore universities
- Housing projects
- Social development projects
- Investment services
Option 1: Applicant Alone
US$ 3,500,000 (minimum investment)
An additional, non-refundable administration fee of US$50,000 will apply.
Option 2: More than one applicant (joint venture)
US$6,000,000 (minimum investment)
Each applicant must contribute at least US$1,000,000
An additional, non-refundable administration fee of US$50,000 will apply.
Option 3: Applicant alone with up to three other qualifying dependents:
US$250,000 plus applicable administration fees
Administrative Fee
Administrative Fees for Dependents:
- Application Alone: An additional, administration fee of US$15,000 will apply.
- Applicant & Spouse – US$ 20,000
- Applicant applying with two dependents – US$ 25,000
- Applicant with three qualifying dependents – US$ 30,000
- Additional Dependents (+3) – US$ 10,000 Each
How to apply for Citizenship in Saint Lucia
Application Process:
The Citizenship by Investment Board will consider an application for citizenship and the outcome may either be to grant, deny or delay for cause, an application for citizenship by investment.
The average processing time from receipt of an application to notification of the outcome is three (3) months. Where, in exceptional cases, it is expected that the processing time will be longer than three (3) months, the authorized agent will be informed of the reason for the anticipated delay.
Application Process – Steps:
Step 1: Application preparation and pre-approval.
Step 2: Submission of citizenship application in electronic and printed form by an authorized agent on behalf of an applicant.
Step 3: Government processing of the application and due diligence checks.
Step 4: Approval in principle.
Step 5: Investment in one of the four approved areas.
Step 6: Citizenship certificate issued.
Step 7: Passport application and issuance.
All applications must be completed in English.
All documents submitted with the application must be in the English Language or an authenticated translation into the English Language.
Where an application for citizenship by investment has been granted, the Unit will notify the authorized agent that the qualifying investment and requisite government administration fees must be paid before the Certificate of Citizenship can be granted.
All required funds are deposited in a designated escrow account until the application is processed.
Upon approval, funds are released to the Government of St Lucia.
Where an application has been denied, the applicant may, in writing, request a review by the Minister.
Our law firm has recently been appointed as a Promoter of the Saint Lucia by Investment Program.
We serve applicants who reside or visit the United Arab Emirates.
In order to arrange an appointment either in Abu Dhabi or Dubai please contact us via [email protected].
Alternatively and for any other inquiries, please call us direct via
+306932478585 or +971506689558.
The same applies for applicants who reside or visit Lebanon and Qatar.
A meeting can be arranged either in Beirut or in Doha.
Please contact us via [email protected] or call us at +306932488888 or +17672751888 (WhatsApp)
or contact Ms Mireille Barrak, Responsible for the Lebanese and Arab speaking countries at +971506689558
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Athens, 10674 Greece
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Dominica Office :
36 Great George Street Roseau
Commonwealth of Dominica
00112 West Indies
St Lucia:
20, Micoud Street, Castries
P.O. Box 189
Saint Lucia
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1065 Nicosia, Cyprus
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